Truist Financial reissued their buy rating on shares of Sylvamo (NYSE:SLVM – Free Report) in a report published on Monday,Benzinga reports. The firm currently has a $47.00 target price on the stock, up from their prior target price of $40.00.
Several other equities analysts have also commented on SLVM. Bank of America reduced their price target on Sylvamo from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Wall Street Zen raised shares of Sylvamo from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sylvamo in a research report on Wednesday, November 4th. Royal Bank Of Canada dropped their price objective on shares of Sylvamo from $46.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, October 16th. Finally, Wells Fargo & Company began coverage on shares of Sylvamo in a research report on Wednesday, September 16th. They set an “overweight” rating and a $47.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.25.
Read Our Latest Stock Report on Sylvamo
Sylvamo Trading Up 1.5%
NYSE:SLVM opened at $38.74 on Monday. The business’s 50-day moving average is $34.17 and its two-hundred day moving average is $39.58. The firm has a market capitalization of $1.54 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.37 and a beta of 0.87. Sylvamo has a 12 month low of $30.40 and a 12 month high of $56.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.29 and a quick ratio of 0.95.
Sylvamo (NYSE:SLVM – Get Free Report) last issued its earnings results on Friday, November 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. Sylvamo had a positive return on equity of 8.36% and a negative net margin of 5.81%. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $817.79 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s revenue was down 23.8% compared to the same quarter last year. Research analysts predict that Sylvamo will post 1.68 earnings per share for the current fiscal year.
Sylvamo Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, October 2nd. Sylvamo’s dividend payout ratio (DPR) is currently -39.91%.
Hedge Funds Weigh In On Sylvamo
A number of hedge funds have recently bought and sold shares of SLVM. State Street Corp increased its holdings in Sylvamo by 5.2% in the second quarter. State Street Corp now owns 1,389,749 shares of the company’s stock valued at $52,533,000 after buying an additional 69,299 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sylvamo by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,362,474 shares of the company’s stock worth $57,547,000 after buying an additional 72,177 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Sylvamo by 27.4% in the 3rd quarter. William Blair Investment Management LLC now owns 776,124 shares of the company’s stock worth $25,364,000 after acquiring an additional 167,038 shares in the last quarter. Royce & Associates LP grew its position in shares of Sylvamo by 6.0% in the 3rd quarter. Royce & Associates LP now owns 633,017 shares of the company’s stock worth $20,687,000 after acquiring an additional 35,660 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Sylvamo by 15.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 506,147 shares of the company’s stock valued at $19,132,000 after acquiring an additional 69,195 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.
Sylvamo News Summary
These are some of the SLVM news items that stood out recently:
- Positive Sentiment: Sidoti raised its estimates for Sylvamo’s Q4 2026 EPS to $0.70 from $0.58 and Q2 2027 EPS to $0.90 from $0.73. It also forecasts $5.25 in FY2028 EPS, signaling a more optimistic longer-term earnings outlook. Sidoti earnings estimates
- Positive Sentiment: Royal Bank of Canada reportedly expects SLVM shares to rise, while Truist reaffirmed its Buy rating. These views add to the favorable analyst tone, although the supplied reports do not specify price targets. RBC analyst outlook Truist rating
- Neutral Sentiment: Sylvamo CFO Don Devlin will hold meetings at the RBC Capital Markets Global Industrials Conference on Nov. 17. The event may offer investor access to management, but no new financial or operational announcements were disclosed. Conference announcement
About Sylvamo
Sylvamo Corporation is a global paper company that produces uncoated freesheet paper for a range of uses, including office and home printing, commercial printing, and publishing. Its products include copy and office papers, as well as specialty papers and market pulp. The company serves customers in North America, Latin America, and Europe. Its operations include manufacturing facilities in the United States, Brazil, and Europe, with products sold under various regional and consumer paper brands.
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